Huawei Yinwang Intelligent Technology Co., Ltd. Board of Directors Composition Announced

According to the transaction agreement, the board of directors of Shenzhen Yinwang Intelligent Technology Co., Ltd. will be composed of 7 members, and the seats will be allocated according to the shareholding ratio of shareholders. Huawei has the right to nominate 6 directors, while Avita Technology has the right to nominate 1 director. Changan Automobile, Avita and Huawei will comprehensively upgrade their strategic cooperation in the fields of brand and ecology, cloud and AI technology, green energy, and industrial chain cooperation to make full use of their respective advantages and promote the upgrading and development of the industry.